Now, on this site... they state, "What it means is that money comes into being when somebody needs it, when somebody goes into debt and makes a 'promise to pay'."
So how, indeed, does it get created? Let's take a look at the Financial Administration Act:
�money� includes negotiable instruments;
�negotiable instrument� includes any cheque, draft, traveller�s cheque, bill of exchange, postal note, money order, postal remittance and any other similar instrument;
Unique Facebook User ID:
Last Updated: Nov 12, 2013 8:34 AM
Type of Post:
Place of Post: